January 19, 2006

Konica-Minolta Folds Up Film and Camera Segment

The first of the giants has fallen: Konica-Minolta has announced their withdrawal from the film and camera business. Camera sales will end in March of this year, with film expected to cease by 2007. An undisclosed portion of their digital SLR assets will be transferred to Sony Corporation. The latter move is not a surprise, as Sony had been planning to enter the digital SLR market using an established maker's body.